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Re: [RT] CL ready for a nose dive?



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I have been carrying this target price for some time now.  It almost got there in April and just fell short so far this week.  Targets act as resistance and price should at least congest at this level, but the majority of the time you get a retracement.  For a retracement of any magnitude to start price would have to go through 115 and than the first price objective would be 109. 
 
Just one man's opinion.
----- Original Message -----
From: tpmods
Sent: Monday, May 05, 2008 10:45 AM
Subject: Re: [RT] CL ready for a nose dive?

Good luck Ben,you will be rewarded mostly,only thing is to hold
without seeing the screen with a proper stoploss which you can
define easily,let's wait what other say.I've shorted CL today.
--- In realtraders@yahoogroups.com, Ben <profitok@xx.> wrote:
>
> i have been cought with my pans down
> short CL from 115 the june contract my stop loss is long july
116 call
> i have objective of 108 for cl
> when we are under 114 will add to short
> Ben
>
> loosing on future 4600
> making long call 3700
> current loss about 1000
> From: tpmods
> To: realtraders@yahoogroups.com
> Sent: Monday, May 05, 2008 1:28 PM
> Subject: [RT] CL ready for a nose dive?
>
>
> Though all looks bullish on the screen but real story may be
totally
> different,watch 120 level and if this work is correct(which is)
we may
> soon see 104-107 on CL and it will totally ignore the news of
oil
> supply etc...let's see wether technical analysis is powerful or
fundas!
> Get ready for the big show in this week itself.Would welcome
experts
> comments on this call of mine,thank you.
> Chart link http://img170.imageshack.us/my.php?image=clyx5.jpg
>
>
>
>
>
>
> ----------------------------------------------------------
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>
>
> No virus found in this incoming message.
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5/5/2008 6:01 AM
>

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